Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (NYSEARCA:EMCR) Trading Down 1% – What’s Next?

Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (NYSEARCA:EMCR) dropped 1% on Wednesday . The stock traded as low as $31.75 and last traded at $31.88. Approximately 1,736 shares changed hands during trading, a decline of 99% from the average daily volume of 146,247 shares. The stock had previously closed at $32.21.

Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF Price Performance

The firm has a fifty day simple moving average of $31.59 and a two-hundred day simple moving average of $30.34. The firm has a market capitalization of $414.39 million, a P/E ratio of 12.84 and a beta of 0.93.

Institutional Investors Weigh In On Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF

A hedge fund recently raised its stake in Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF stock. Bank of New York Mellon Corp raised its position in shares of Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (NYSEARCA:EMCR) by 21.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,204 shares of the company’s stock after purchasing an additional 3,975 shares during the period. Bank of New York Mellon Corp owned approximately 0.17% of Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF worth $662,000 at the end of the most recent reporting period.

About Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF

The Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of large- and mid-cap emerging market stocks that are selected based on ESG criteria. Holdings are weighted in tiers, in favor of low carbon intensity EMCR was launched on Dec 6, 2018 and is managed by Xtrackers.